Ins and Outs of Self-Directed IRAs (IOSD)

When

23 May 2016

10:00 AM - 12:00 PM

Location

http://www.cpenow.com/webinar

Presented By

Mike Tucker, Ph.D., LL.M., J.D., CPA

Denise Appleby, APA, CISP, CRPS, CRC

2 CE Credits

Overview

When clients ask tax practitioners about the tax ramifications of self-directed IRAs, they need to respond authoritatively to such questions. This program provides you with the knowledge to do just that. Often, self-directed IRAs result from a client’s desire to obtain a better financial return from an unconventional investment than would be available if the account were managed by traditional investment advisors. This program is vital if you wish to understand what a self-directed IRA is, what it does operationally, the kinds of investments it can make, and the relationships the IRA account owner can and cannot have with the account.

Major Topics:

Why IRA owners want to self-direct their IRA

Steps required to set up a self-directed IRA

The advantages and disadvantages of a self-directed IRA

What does the custodian of a self-directed IRA do?

What sort of investments may a self-directed IRA make?

Understanding the self-dealing rules

New Tax Reporting Requirements

Learning Objectives

Advise clients with respect to the tax characteristics of a self-directed IRA

Advise clients with respect to how a self-directed IRA operates

Understand how a self-directed IRA owner may avoid the self-dealing rules